Altcoin-market analysis KW50 – A tale of two Bitcoin-Forks

the entire market capitalisation has fallen to US $ 112 billion. Up on Bitcoin, SV and Tether all the crypto on the currencies of the Top 10 losses. Bitcoin is Cash, and EOS even had to cope with over 30 percent losses.

Dr. Philipp Giese
10. December 2018ShareFacebookTwitterLinkedInxingemail

D arge of the development of the ten crypto-currencies with highest market capitalization, which is given in billions of U.S. dollars:

On the weekend, was pleased with a rise in the BTC exchange rate over 14 percent. This of course required but also, he has achieved twice the 3,200 US dollars. The majority of crypto currencies you can see a slight recovery, which some interpreted as the much-cited ground. Let us, however, nothing: Currently it is more of a temporary correction and not a new bull trend. The courses have fallen dramatically, what was called for Bitcoin to Cash, and EOS that you had to accept about 30 percent of the losses. To the Stable Coin Tether only Bitcoin SV remained of losses spared. You realize that the market is moving currently between the two Extremes, Bitcoin, Cash, and Bitcoin SV.

The market capitalisation dropped accordingly and is now US $ 112 billion.

The Course is again with the word "bearish". Apart from Bitcoin, SV, and Tron, to get anywhere at a more negative Outlook. In the case of a break of the Support Short Positions at offer.

Best price development: Bitcoin SV (BSV)

Since the history of Bitcoin, SV is still quite young, we consider here a Four-hour Chart. Bitcoin SV still has the charm of the New and defying the downward trend of the other currencies. Since the end of November, the price can remain fairly stable around $ 100. Currently, the MA50 acts, what about the gliding mean value over one week is equivalent to, as Support.

A positive MACD, rising after a small consolidation, and a slight increase in RSI will result in a total of rather bullish impression. The Aroon indicator suggests the bear market and does not contradict this assessment, at least. It is, therefore, a Long Position in the Target is given by the two Resistances 114,18 the US Dollar and the 140,10 US Dollar. As a Stop Loss 96,68 US Dollar. The course falls under the Support at 86.00 dollars we could open a Short Position, with the MA100 for 89,14 US-Loss of the Dollar as a Stop and the second Support 66,60 US-can Dollar be used as the Target used.

Worst course development: Bitcoin to Cash (BCH)

Bitcoin, Cash defies the floor. Cynics might slowly speak of Bitcoin Crash, but like the Bitcoin-Cash-price since the all time high of 94 percent, a Level that has seen the young crypto-currency has never. The moving averages MA140 and MA50 – in better times interesting Resistances – now seem out of reach. The current sideways move, which came after a Test of the General downward trends that could optimists interpret it as the beginning of a course correction. Still, it is for the confirmation of such statements, however, too early.

the other view is clouded : the MACD is rising slightly, however the RSI is still in deep oversold area, while the Aroon indicator currently leads to a total of last evaluation. After falling under the first Support 93,60 US Dollar you can open a Short Position and as the Target of the 54,63 US dollars aim for. As a Stop Loss, you can make 110,37 US Dollar. Those who want to recognize in the current movement of a Reversal, can take advantage of the above-mentioned Support as a Stop Loss for a Long Position and the two given Resistances 197,40 the US Dollar and the 253,90 US Dollar as the Targets to aim for.

the stability of the Top 10

The sell-off last week messed up the structure of the Top 10 neatly. Tether can now claim the fifth place of the Top 10. Cardano was forced to leave in favour of Tron in the Top 10, both crypto-currencies-but only eleven percent. Even scarcer it looks between the Tether, Bitcoin, Cash, EOS, and Bitcoin SV: Only two to four percent of the Market capitalisation of the three crypto-separate currencies. Here not everything is so still far from decided. Finally, the distance between the Market capitalization of Bitcoin SV and Litecoin, with only 16 percent is still relatively scarce.

winners and losers of the week

an Average of all the crypto-currencies have fallen by eleven percent, and roughly performs as good or bad as BTC. For the Top 100, the result is clear: they are, on average, fallen by 16 percent. Furthermore, Factom is rising with 13.4 percent of the course Highflyers increase. Loser of the week Bitcoin Cash and Bitcoin Gold. Both have to cope with losses over 30 percent.

72 per cent of the Top 100 crypto-currencies have worse performing than BTC. The market share of BTC rose to 55 percent.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

table data on the Basis of coinmarketcap.com

the chart images on the Basis of the data of kraken.com and bitfinex.com.

USD/EUR exchange rate on the cut-off: 0,88 euros.